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Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times. The FT says the investment giant Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the…
A federal judge denied a motion by xAI seeking to dismiss an NAACP lawsuit accusing the SpaceX-owned company of failing to obtain permits needed to operate the gas turbines powering its Colossus data center outside Memphis. Suing on behalf of the NAACP, the Southern Environmental Law Center said the AI company had “installed and operated…
Networking shouldn’t mean walking into a crowded room and hoping you happen to meet the right person. At TechCrunch Founder Summit, presented by Fidelity Private Shares, founders and VCs have several ways to make the connections they build beyond the sessions more intentional. On November 4 at Boston’s SoWa Power Station, get ready for a…
On Thursday evening, I slipped on my neon yellow heels and a floral mini dress. It’s New York, so I can wear whatever I want to a midterm election event full of media types, techies, policy advocates, and, well, does anyone else even exist at these things? I walked into the dimly blue-lit Brooklyn warehouse…
During a recent interview with Wired’s Steven Levy, Apple CEO John Ternus defended the company’s current position in the AI landscape. Over the past couple years, Apple has often been described as behind on AI, especially as it delayed the release of a more powerful version of Siri, which finally launched this summer. But while…
OpenAI’s latest funding round isn’t quite living up to expectations, according to multiple news reports. OpenAI was previously reported to be raising $30 billion at a $1.4 trillion valuation, and then at a $1.25 trillion valuation, ahead of a planned IPO. But The Financial Times reported Friday that the company has subsequently lowered its funding…
Intel’s stock suffered one of its worst days ever on Friday, crashing around 28% after the chip giant reported a weaker-than-expected outlook for the fourth quarter. This rout reduced the value of Intel’s holdings by the government by $12 billion, CNBC reports. The Trump administration had the government buy 10% stake over a year ago….
Ollie, a startup whose mission was to deliver an AI assistant that respected its users’ privacy, says that it will be shutting down in a week. Bill Lennon, the company’s co-founder and CEO, took to X on Friday to deliver the news, noting that the app will officially shut down on November 6. “I’m really…
Nvidia is in talks to guarantee billions in debt financing for AI cloud provider Nscale’s planned Anthropic data center in West Virginia, The Information reported Thursday. Bloomberg later corroborated the report. Anthropic has signed a $44.6 billion contract for the project’s first building alone, according to Nscale’s IPO filing. In essence, the chipmaker would be…
Andy Jassy has made it known that he believes AWS can be a trillion-dollar revenue business. During Amazon’s quarterly earnings call on Thursday, he repeated this ambition. “What we’re building at Amazon is unlike anything that’s ever been seen before. There has never been a business with a trillion dollars of annual revenue,” he said….